Re:Economists are now admitting that they were wrong about g...
by wahern on Friday October 25, 2019 @04:01PM
(#21358672)
That's why I used the qualifier "democratically tenable". The human calculus of equity and fairness isn't something we have a firm grip on or even an adequate appreciation of, but I think it's safe to say objective, absolute improvements in either individual or collective welfare don't necessarily account for much; and our cost functions for particular benefits and risks less than obvious or intuitive.
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